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      Question

      AS 15 deals with the accounting

      for:
      A Investments Correct Answer Incorrect Answer
      B Employee Benefits Correct Answer Incorrect Answer
      C Borrowing Costs Correct Answer Incorrect Answer
      D Leases Correct Answer Incorrect Answer
      E Consolidated Financial Statements Correct Answer Incorrect Answer

      Solution

      Accounting Standard (AS) 15, "Employee Benefits," prescribes the accounting and disclosure for all employee benefits, including short-term benefits (e.g., wages, annual leave), post-employment benefits (e.g., gratuity, pensions), and other long-term benefits.

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